Stargate Finance (STG) is an omnichain-native asset bridge designed to solve the blockchain trilemma, which says that no blockchain can be decentralized, secure, and fast simultaneously. It does this by simplifying cross-chain DeFi transactions, which lets users transfer and swap their assets between different blockchains, layer-2 networks, and decentralized applications (dApps) almost instantly.
Stargate users can also move their assets between different liquidity pools on various decentralized finance (DeFi) protocols and dApps. The protocol supports transfers between eight chains: Ethereum, Avalanche, Polygon, Metis, BNB Chain, Arbitrum, Optimism and Fantom.
The platform offers several other, profit-making features: users can supply liquidity pools, stake assets, and farm tokens. When users stake their assets, they can help govern the Stargate Finance Exchange.
## Who Are the Founders of Stargate Finance?
Stargate Finance was built by LayerZero Labs: an omnichain protocol that wants to help the biggest crypto networks interoperate.
The platform launched in March 2022 as the first cross-chain bridge app. On the same day, renowned crypto developer 0xMaki joined LayerZero’s team.
## What Makes Stargate Finance Unique?
Most pre-existing cross-chain bridges use what’s called fractured liquidity, which requires separate pools for tokens that will pass over the bridge. Stargate, however, renders this requirement obsolete via a lock+mint and burn+redeem mechanism. The mechanism essentially burns the tokens at source and mints new ones on the destination blockchain, and therefore provides instant guaranteed finality and unified liquidity.
Stargate also uses an advanced cross-chain bridge mechanism, in addition to a balancing algorithm called the delta algorithm, to solve the bridging trilemma.
How to Buy STG on an Exchange
Step 1: Choose a Reputable Exchange Platform
Select a trusted platform from among many available options for purchasing STG. Some reputable platforms include HTX、Bybit、Bitget, and others.
Step 2: Register an Account
Here, we'll register an account on the Bybit(registration link) trading platform. You may need to provide personal information such as phone number and email to complete the registration process.
Step 3: Complete Identity Verification
For security purposes, some platforms may require you to complete identity verification. Follow the platform's instructions to provide necessary identity information (such as country/ID number) and undergo facial recognition. Once your identity is confirmed, you'll receive notification.
Step 4: Link Bank or Payment Method
Link your bank account or other payment methods to the exchange platform for making payments when purchasing STG.
Step 5: Purchase STG
Find the option to buy coins on the exchange platform, choose the C2C coin purchase process, and then input the quantity of STG you wish to purchase. Typically, you'll choose to buy USDT first and select your preferred payment method. Simply place the order, make the payment to the seller, and you'll receive the cryptocurrency. Once payment is complete, you can use your exchange assets to buy STG.
Step 6: Store Your STG
After purchasing, you can choose to store your STG in the digital wallet provided by the exchange platform or transfer it to a hardware wallet under your control.
Step 7: Security Reminder
To protect your exchange account and STG assets, be sure to use a strong password and enable two-factor authentication.
STG Price:Stargate is a community-driven organization that has built the first fully composable native asset bridge and is also the first dApp built on LayerZero.The price fluctuates daily, you can go to the exchange: Bybitto check the price.
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